1706 Grove Street, San Francisco, CA 94117

Property Description

1706 Grove Street offers a rare chance to acquire a turnkey 7-unit corner apartment building in San Francisco's highly sought-after Nopa neighborhood, just blocks from the Panhandle, Alamo Square, and USF. Spanning 6,398 Sq Ft with abundant light on three sides, the property features six spacious two-bedrooms and one one-bedroom, in-unit laundry, and stainless, stone, and tile finishes throughout, plus a new ADU and two garages. Renovated units, updated building systems, completed seismic and fire alarm work, and low expenses make for easy ownership. Most units were leased in 2022 and 2023, and market rents run roughly 60% above in-place rents, leaving significant upside for a new owner. Divisadero's dining and retail nearby, the location supports strong, lasting tenant demand.